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May 2008

The Archives

• 05.28.08
  Dollar Cost Averaging: Bet Small, Bet Often Investing, Money Management | (0)

  In my recent post on dollar cost averaging I said that I think of this investment purchasing strategy as "mak[ing] a lot of small bets." What I meant by that is that through dollar cost averaging you mitigate your timing risks by entering the market at many points in the hope that more of your entry points will generate good outcomes than bad ones. We also learned last time that dollar cost averaging is a stock buying strategy designed to protect us against making the worst timing decision at the cost of being unable to make the best timing decision. ...

  Tagged: investing strategies, risk
  
• 05.20.08
  Budget Hack: SUMIF To The Rescue Budgets | (3)

  One of the tricks I use in my monthly budget spreadsheets is the SUMIF function. This is a powerful tool that helps me to easily summarize the financial information I record in the transaction section of my budget spreadsheet into clear categories for me to analyze and assess. I am able to track the monthly spending of all my budget categories with zero hassel - and it even helps me track how much my wife and I charge on our credit card each moth. The SUMIF function is very straightforward to use and it only takes a second ...

  Tagged: budget hacks, budgeting, excel budget, excel formulas, open office budget, spreadsheets
  
• 05.19.08
  Dollar Cost Averaging: The Basics Investing | (4)

  I am a very new investor and I am historically very risk adverse. I have always like the idea of earning money from other people's labor, but until recently I have always been pretty scared to invest. Right now I am working hard on acquiring $2,500 to open an account with an internet brokerage firm and reading what I can to understand stocks, bonds, and mutual funds. There is a lot of information out there about not only how to choose stocks, but also how to purchase them. I still don't know very much about how to choose stocks, ...

  Tagged: investing strategies
  
• 05.13.08
  The Cost of Having Kids Family Life | (10)

  I am convinced that the cost of raising children in nowhere near what most people say it is. Browsing the internet I stumbled upon a table depicting the cost of raising a child from birth to the time he reaches adulthood in the eyes of the law. The table's data is a little out dated, it was initially compiled between 1990-1992 and was adjusted to 2001 dollars using the Consumer Price Index, but even using a 2001 purchasing power it still claims that raising kids brings with it a hefty price tag for my family's income range - ...

  Tagged: baby, cost of living, fatherhood, frugal baby
  

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